Treasurys stay down after housing data

DeborahLevine

NEW YORK (MarketWatch) -- Treasury prices remained lower after a report said existing-home sales rose 9.4% to a 5.57 million pace in September, stronger than analysts' expected. Two-year note yields
TMUBMUSD02Y, -0.95%
which move inversely to prices, rose 9 basis points to 1.01%, rising above 1% for the first time this month. Treasurys were under pressure before the data after a media report revived concerns about when the Federal Reserve may have to raise interest rates.

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